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BofA accused of paying bonuses for foreclosures

Bank of America came under intense scrutiny this week with declarations filed in a federal court case giving outsiders a look at what former employees allegedly saw while handling foreclosures at the mega bank.

But that case filed in a federal court in Washington state, which was covered by HousingWire Monday, is not the only suit giving BofA trouble.

CNBC also reported Monday on court affidavits tied to a Massachusetts BofA lawsuit in which the bank is accused of denying qualified borrowers a chance to modify their loans.

In addition, the plaintiffs claim the bank paid out cash bonuses to staff members who managed to push homeowners into foreclosure, CNBC writes.

 

 

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